• cygnus
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    2 hours ago

    It sure would be nice if folks on the left stopped using the term “neoliberal” as shorthand for “something I don’t like”. Words have meanings. A neoliberal housing policy would be a bunch of 5-over-1 in mixed zoning. The housing crisis is caused by many factors:

    • sky-high construction costs
    • restrictive zoning
    • lack of co-op condos due to insufficient startup finding
    • protectionist policies designed to shield homeowners from any drop in property value
    • too-low interest rates for the past few dacades
    • lack of other good investment options
    • increased prominence of REITs and real estate holdings in pension funds etc